Egypt eyes selling 40% stake in Helwan Fertilizers

Updated 8/29/2023 9:45:00 AM
Egypt eyes selling 40% stake in Helwan Fertilizers

Arab Finance: Dollar-strapped Egypt is considering selling at least 40% stake in Helwan Fertilizers Company (HFC) to a strategic investor, two sources familiar with the matter told Asharq Business on August 29th.

The government is anticipating robust revenues from this deal, coupled with the firm’s significant growth in profits, given the high global fertilizers prices, one source noted.

He added that the company’s estimated value surpasses $1.5 billion.

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